Women’s Roles on U.S. Fortune 500 Boards: Director Expertise and Committee Memberships |
| |
Authors: | Craig A Peterson James Philpot |
| |
Institution: | (1) Western Michigan University, Grand Rapids, MI, 49503, U.S.A.;(2) Finance and General Business, Missouri State University, Springfield, MO 65897, USA |
| |
Abstract: | This study examines the presence and roles of female directors of U.S. Fortune 500 firms, focusing on committee assignments
and director background. Prior work from almost two decades ago concludes that there is a systematic bias against females
in assignment to top board committees. Examining a recent data set with a logistic regression model that controls for director
and firm characteristics, director resource-dependence roles and interaction between director gender and director characteristics,
we find that female directors are less likely than male directors to sit on executive committees and more likely than male
directors to sit on public affairs committees. There is little if any evidence of systematic gender bias in director assignment
to other board committees. We find some evidence that boards evaluate resource dependence differently for women than men.
Craig A. Peterson Western Michigan University, Grand Rapios, MI 49503, USA
Craig A. Peterson is associate professor of finance at Western Michigan University, Grand Rapids Regional Center. In addition
to corporate governance, his research interests include investment management and corporate finance.
James Philpot is assistant professor of finance and general business at Missouri State University. His research interests
include corporate governance, financial planning and financial education. |
| |
Keywords: | boards of directors board committees corporate governance gender issues resource dependence |
本文献已被 SpringerLink 等数据库收录! |
|